Dow Announces Plans to Retire Debt in the First Quarter

According to Business Wire, the Dow Chemical Company is launching a cash tender offer for approximately $750 million aggregate principal amount of notes listed by Dow and its subsidiaries. This announcement follows a series of debt reduction activities the Company plans to execute in the first quarter, including the pay-off of $800 million of matured debt and more than $150 million of InterNotes. Taken together, these actions will enable Dow to reduce its overall debt by more than $1.5 billion.